Practice by Topic
Expand All
Unit 1: Basic Economic Concepts (80) 0
  • Scarcity 20 0
  • Resource allocation and economic systems 10 0
  • The Production Possibilities Curve 10 0
  • Comparative advantage and gains from trade 20 0
  • Cost-benefit analysis 10 0
  • Marginal analysis and consumer choice 10 0
Unit 2: Supply and Demand (70) 0
  • Demand 10 0
  • Supply 10 0
  • Elasticity 10 0
  • Market equilibrium; disequilibrium and changes in equilibrium 20 0
  • The effects of government intervention in markets 10 0
  • International trade and public policy 10 0
Unit 3: Production; Cost and the Perfect Competition Model (50) 0
  • The production function 10 0
  • Short- and long-run production costs 10 0
  • Types of profit 10 0
  • Profit maximization 10 0
  • Perfect competition 10 0
Unit 4: Imperfect Competition (40) 0
  • Monopoly 10 0
  • Price discrimination 10 0
  • Monopolistic competition 10 0
  • Oligopoly and game theory 10 0
Unit 5: Factor Markets (40) 0
  • Introduction to factor markets 10 0
  • Changes in factor demand and factor supply 10 0
  • Profit-maximizing behavior in perfectly competitive factor markets 10 0
  • Monopsonistic markets 10 0
Unit 6: Market Failure and the Role of Government (50) 0
  • Socially efficient and inefficient market outcomes 10 0
  • Externalities 10 0
  • Public and private goods 10 0
  • The effects of government intervention in different market structures 10 0
  • Income and wealth inequality 10 0